Mobile Area Association of Realtors 2827 Airport, Mobile, AL 36606 Telephone: 251.479.8654 Website: www.mobilerealtor.com Mobile Residential Reports Price Range of Sold Properties Fall 2011 This report is available at the Center for Real Estate Studies (CRES) website: http://cres.southalabama.edu/ "Data you can use." "Education you can use." University of South Alabama Mitchell College of Business Center for Real Estate Studies The data was assembled by Susan Ramsay, Research Associate USA takes reasonable measures to ensure the quality of the data and other information produced. However, USA makes no responsibility for the accuracy, correctness, or completeness of any information, nor represents that warranty, express or implied, nor assumes any legal liability or its use would not infringe on privately owned rights. Reference to any specific commercial product, process, or service does not constitute an endorsement, recommendation, or favoring by USA. Mobile Residential Report Page - 1 Price Range of Sold Properties Mobile MSA (City + County) Price Range of Sold Properties Fall 2011 2009 Qrt 1 2009 Qrt 2 2009 Qrt 3 2009 Qrt 4 2009 Annual 2010 Qrt 1 2010 Qrt 2 2010 Qrt 3 2010 Qrt 4 2010 Annual 2011 Qrt 1 2011 Qrt 2 2011 Qrt 3 $0-19999 $20000-39999 $40000-59999 $60000-79999 $80000-99999 $100000-119999 $120000-139999 17 23 28 12 93 38 29 38 38 144 49 60 65 58 74 61 284 79 81 85 68 317 93 103 51 58 60 41 240 46 64 57 55 223 57 77 47 57 55 65 283 58 69 58 68 257 72 87 68 81 104 112 449 62 112 83 77 338 77 79 71 89 116 129 114 152 114 128 517 611 84 65 118 136 84 82 78 71 376 376 64 81 91 98 65 133 87 83 93 91 90 under $140,000 $140000-159999 $160000-179999 $180000-199999 $200000-219999 $220000-239999 $240000-259999 $260000-279999 $280000-299999 408 522 587 533 2477 432 609 487 455 2031 493 595 59 89 94 96 449 52 98 68 74 308 71 67 59 74 77 59 380 34 80 52 32 207 46 49 41 40 56 42 279 18 65 41 34 177 32 33 $300000-349999 $350000-399999 $400000-449999 $450000-499999 $500000-549999 $550000-599999 $600000-649999 $650000-699999 $700000-749999 $750000-799999 Price Range Mobile Residential Report 19 24 39 24 165 12 61 23 19 126 19 39 34 35 43 22 196 22 36 14 17 97 9 25 17 22 28 19 127 16 20 20 17 78 17 22 17 10 27 13 18 11 16 7 113 69 8 7 27 18 21 6 10 4 72 42 10 8 19 11 14 21 16 19 129 14 18 16 10 59 12 13 9 10 4 7 75 2 11 10 8 32 3 20 3 10 4 10 53 1 5 7 8 21 10 9 3 4 6 2 34 4 8 2 2 16 0 1 0 2 4 2 21 2 5 2 4 13 2 3 1 0 2 1 13 2 4 3 0 11 3 2 1 2 1 1 10 0 0 0 0 1 1 2 0 1 1 0 6 0 2 2 2 6 0 0 0 0 0 0 0 1 0 1 3 3 0 0 0 2 0 0 1 0 1 2 0 0 1 1 Page - 2 642 49 58 38 27 16 21 13 11 12 10 8 1 4 2 1 1 2 0 Price Range of Sold Properties Price Range of Sold Properties Fall 2011 2009 Qrt 1 2009 Qrt 2 2009 Qrt 3 2009 Qrt 4 2009 Annual 2010 Qrt 1 2010 Qrt 2 2010 Qrt 3 2010 Qrt4 2010 Annual 2011 Qrt 1 2011 Qrt 2 2011 Qrt 3 $800000-849999 $850000-899999 $900000-949999 $950000-999999 0 0 1 1 4 0 0 2 0 0 1 1 0 3 0 0 0 1 2 0 0 0 1 0 1 0 0 0 4 0 0 1 0 0 0 1 0 0 2 0 0 0 0 1 0 0 1 0 0 0 1 0 $1m-1199999 $1.2m-1399999 $1.4m-1599999 $1.6m-1799999 $1.8m-1999999 $2.0m and over 1 1 0 1 4 0 0 0 0 0 0 2 0 0 1 0 3 0 0 1 0 1 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 3 0 0 0 2 2 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 Highest Price $1.42m $2.2m $1.4m $1.1m $2.2m $1.35m $2.016m $2.016m $850,000 $1.375m $900,000 Lowest Price $6,900 $10,000 $5,000 $9,500 $2,000 $4,800 $6,000 $3,500 $1,500 $4,500 $5,000 $135,376 $136,493 $121,642 $132,580 $118,498 110 98 113 108 114 Price Range Avg Sales Price $950,000 $773,000 $3,500 $4,000 $140,460 $148,609 $142,436 $139,261 $158,600 $120,773 $143,781 $132,871 Avg Days on Mkt 92 88 85 86 96 88 94 101 All data supplied by the Mobile Multi-List: 251.479.8654 For further information please contact: Dr. Don Epley, Director, Center for Real Estate Studies E-mail: depley@usouthal.edu Phone: 251.460.6735 Analysis completed by: Susan Ramsay, Research Associate Mitchell College of Business The Center for Real Estate Studies University of South Alabama USA takes reasonable measures to ensure the quality of the data and other information produced. However, USA makes no responsibility for the accuracy, correctness, or completeness of any information, nor represents that warranty, express or implied, nor assumes any legal liability or its use would not infringe on privately owned rights. Reference to any specific commercial product, process, or service does not constitute an endorsement, recommendation, or favoring by USA. Mobile Residential Report Page - 3 Price Range of Sold Properties Mobile Residential Report Page - 4 Price Range of Sold Properties Mobile Residential Report Page - 5 Price Range of Sold Properties Mobile Residential Report Page - 6 Price Range of Sold Properties